Ryan Sean Adams (rsa.eth)
@rsa.eth
"Crypto doesn't have users" is wrong. Crypto has users. Over 560 million people worldwide now own crypto. "But owning crypto doesn't count" - also wrong. Owning crypto is using crypto. Own is the verb crypto added to the internet - own is literally the point. "So you're saying we're done here?" No. Not at all - we're maybe 5% done. Own is just the top of the funnel for using crypto - it's barely using it. Own enables deeper verbs like Pay, Lend, Borrow, Mint. Own starts with few assets and expands to all the world's assets. Our massive unfinished work in crypto is to bring users down the funnel. From owning in an ETF to owning onchain. From 1% of their net worth in crypto to 90%. From bank account to crypto wallets. Everyone onchain. Everyone bankless. We have crypto users. Next we need to convert them to crypto natives. This is our next challenge.
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Dan Romero
@dwr.eth
> Owning crypto is using crypto. It's not. As an app developer, you don't make money if you don't have people using your app regularly.
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skllz.base.eth ꜩⓂ️🍖
@skllzrmy
Agree. User implies to use. To engage with and actively participate in some way in an ongoing, present tense. Owner implies to have engaged in the past tense but makes no implication toward the present. BIG difference.
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HΞLiX ♻️🧙♂️🎩
@h3lx.eth
Owning crypto is using it as an alternative to owning fiat. Passive use is still use.
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Samuel ツ
@samuellhuber.eth
Passive use Sounds like „Passive Smoking“ doesn’t really work Either you smoke (even if it’s just by standing near a smoker) or you don’t ?
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HΞLiX ♻️🧙♂️🎩
@h3lx.eth
At what regularity of interaction does ‘holding’ become ‘usage’? How often do I need to transact to be considered a user?
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Samuel ツ
@samuellhuber.eth
To me it’s not quantity it’s intention. Else DCAing makes you a user Though it’s all definitions. Using crypto to invest :D and now you have definition for users for that type of pattern Coinbase has these as users, DEFI may too Your Farcaster Social app or OpenSea May not
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